Westborough MA Real Estate Market Report October 2015

Westborough Massachusetts Real Estate Market October 2015

Do you want to see what has gone on in the Westborough Real Estate market for October, along with year over year comparisons? Take a look below for complete details on the Westborough Real Estate scene. While you are here make sure you see my real estate agents guide to Westborough MA, to learn why Westborough is a popular choice with home buyers, including information on town history, schools, demographics and more.

Real Estate Activity For October 2015 vs October 2014

In October of 2015 there were 7 homes that closed within the month for Westborough MA Real Estate. This is a decrease of 12 unitz, as there were 19 homes that closed in October of 2014.

The average list price for the homes that closed in October of 2014 was $509,700

The average list price for the homes that closed in October of 2015 was $463,368

The average sale price for the homes that closed in October of 2014 was $397,313

The average sale price for the homes that closed in October of 2015 was $386,153

The average market time for the homes that closed in October of 2014 was 57 days.

The average market time for the homes that closed in October of 2015 was 56 days.

Homes Under Contract For October 2015

16 homes went under agreement in the month of October. The average list price of the homes that went under agreement was $606,100. The average time on the market for these homes were 63 days. With 16 homes going under contract, October was an very good month for pending sales activity.

January 2012 – 2014 Final Year Real Estate Market Statistics For Westborough Massachusetts

For the period of January to December of 2014 there were 176 properties sold.

For the period of January to December of 2013 there were 168 properties sold.

For the period of January to December of 2012 there were 154 properties sold.

For the period of January to December in 2014 the average list price was $487,079 the average sale price was $469,039 the average market time was 85 days.

For the period of January to December in 2013 the average list price was $463,787 the average sale price was $456,715 the average market time was 85 days.

For the period of January to December in 2012 the average list price was $448,406 the average sale price was $431,969, and the average market time was 124 days.

Current October 2015 Homes For Sale Inventory Levels

The are currently 51 homes on the market. The average list price of these homes is $641,316. The average days on the market is 121. Inventory stayed exactly the same from September. Inventory had been on the decline for the last four months which is always good for those who are selling homes. This is the first month the string has been broken

Westborough MA Real Estate Market Analysis

Current real estate analysis

Inventory this month remained the same as last which breaks the trend of downward movement in available homes for sale. Inventory should however start to remain fairly consistent over the next few months as there will be fewer seller putting properties on the market.

Without a doubt Westborough real estate has been solid over the last few months up until October. Home sales have fallen behind the pace of last year through October do to such an week month for sales. Sales moving forward should be decent but not spectacular due to seasonality changes

The month of October under-performed with only 7 home sales. This was far fewer than October of last year when there was 19 sales. Pending sales however were strong with 16 properties going under contract.

Year to date there have been 150 sales. At this same point in time last year there were 158 sales.

2014 sales vs 2013 Sales

Westborough finished 2014 with 176 sales. This is an increase from 2013 when there were 168 sales. Westborough is one of the few towns in the area that finished the year with more sales than last.

The above Westborough Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

About Bill Gassett

Bill Gassett is a nationally recognized Real Estate leader who has been helping people move in and out of the Metrowest Massachusetts area for the past thirty plus years. He has been one of the top RE/MAX Realtors in New England for the past decade. In 2016 he was the #3 RE/MAX real estate agent in New England. Connect with him on Google+

Massachusetts Real Estate exposure is a marketing site designed to give Massachusetts home seller’s a dominant online presence. Massachusetts Real Estate Exposure is owned and operated by RE/MAX Realtor Bill Gassett, who covers the Metrowest Massachusetts area and beyond including Ashland, Bellingham, Blackstone, Framingham, Franklin, Grafton, Holliston, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Northborough, Northbridge, Shrewsbury, Southborough, Sutton, Wayland, Westborough, Worcester, Upton and Uxbridge MA. Bill Gassett has been one of the top RE/MAX Real Estate agents in New England over the last decade plus. In 2016 he was ranked as the #3 RE/MAX Real Estate agent in New England.